ParkerVision Inc. (PRKR) Trading 2.1% Higher
ParkerVision Inc. (NASDAQ:PRKR)’s share price traded up 2.1% during mid-day trading on Monday . The stock traded as high as $5.87 and last traded at $5.77, with a volume of 132,924 shares trading hands. The stock had previously closed at $5.65.
Separately, Zacks Investment Research raised shares of ParkerVision from a “sell” rating to a “hold” rating in a research note on Thursday, June 30th.
The firm’s market capitalization is $67.34 million. The stock’s 50-day moving average is $3.87 and its 200-day moving average is $3.08.
ParkerVision (NASDAQ:PRKR) last announced its quarterly earnings results on Monday, May 16th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by $0.16. During the same quarter in the previous year, the firm earned ($0.60) EPS. On average, analysts forecast that ParkerVision Inc. will post ($0.86) EPS for the current fiscal year.
ParkerVision, Inc is engaged in the designing, developing and marketing of its radio frequency (RF) technologies and products. The Company’s business is focused on the development and marketing of its RF technologies for mobile and other wireless applications. Its products include a modulator/demodulator component that incorporates its technologies, as well as a small number of supporting components that are used in the assembly of wireless devices.
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